NEW BEDFORD LIGHT

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

DANIELA F MELO

Phone

6172762669

Tax Period

2023-01-01 to 2023-12-31

NEW BEDFORD LIGHT, founded in 2020, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $325K, a strong 16% operating margin.

Mission

WE SEEK TO INFORM AND NOURISH THE CIVIC CULTURE OF NEW BEDFORD AND SURROUNDING TOWNS BY PROVIDING IN-DEPTH, FACT-BASED JOURNALISM AND A BROAD PLATFORM FOR DIVERSE COMMUNITY VOICES. THROUGH OUR INNOVATIVE JOURNALISM INCUBATOR PROJECT WE PROMOTE MEDIA LITERACY AND EDUCATE THE PUBLIC ABOUT THE VITAL ROLE OF A FREE PRESS IN BOLSTERING OUR DEMOCRACY.

Program Service Accomplishments

Program 1

Expenses: $1,160,168

THE PURPOSES OF THE CORPORATION ARE EXCLUSIVELY CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND/OR CULTURAL AS SET FORTH IN SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE (THE "CODE"), OR THE CORRESPONDING SECTION OF THE FUTURE FEDERAL TAX CODE. SPECIFICALLY, THE CORPORATION WILL CARRY OUT THESE PURPOSES WITH THE GOAL OF ENGAGING IN INVESTIGATIVE JOURNALISM, USING INSTITUTIONAL EXPERTISE TO RESEARCH AND EDUCATE THE PUBLIC ABOUT PARTICULAR TOPICS, AND PROVIDE THE PUBLIC WITH AN ONLINE NEWS OUTLET COVERING TOPICS IMPORTANT TO THE GREATER NEW BEDFORD AREA AND WHICH WILL BENEFIT THE COMMUNITY AS A WHOLE. IN CONNECTION WITH THESE PURPOSES, THE CORPORATION MAY COLLABORATE WITH GOVERNMENTAL ENTITIES AND/OR OTHER NON-PROFIT ORGANIZATIONS WHICH ARE QUALIFIED AS EXEMPT UNDER SECTION 501 (C)(3) OF THE CODE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,973,614

Program Service Revenue $0

Investment Income $7,715

Other Revenue $15,978

TOTAL REVENUE $1,997,307

Expense Breakdown

Grants Paid $62,735

Salaries & Benefits $1,128,775

Fundraising Expenses $0

Program Expenses $1,160,168

Other Expenses $480,543

TOTAL EXPENSES $1,672,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,997,307	$1,562,111	+0.3%
Expenses	$1,672,053	$1,132,041	+0.5%
Net Income	$325,254	$430,070	-0.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$111,398

Total Directors

$68,501

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW TOMOLONIS	EDITOR	40.00	Highest	$101,667	$0	$101,667
LEAN O CAMARA	CHIEF EXECUT	32.00	Officer	$87,598	$0	$87,598
BARBARA ROESSNER	DIRECTOR	40.00	Director	$68,501	$0	$68,501
COLLEEN TRAHAN	CHIEF ADMINI	23.00	Officer	$23,800	$0	$23,800
JOEL ALVORD	TREASURER	N/A	Officer Director	$0	$0	$0
CHARLES BARMONDE	DIRECTOR	N/A	Director	$0	$0	$0
LORETTA BLAKE	CLERK	N/A	Officer Director	$0	$0	$0
JEANNE COSTA	DIRECTOR	N/A	Director	$0	$0	$0
LLOYD MACDONALD	DIRECTOR	N/A	Director	$0	$0	$0
DANIELA F MELO	PRESIDENT	N/A	Officer Director	$0	$0	$0
LYNNE DELUCIA MILLEA	DIRECTOR	N/A	Director	$0	$0	$0
WALTER ROBINSON	DIRECTOR	N/A	Director	$0	$0	$0
ANTHONY SAPIENZA	DIRECTOR	N/A	Director	$0	$0	$0
STEPHEN TAYLOR	CEO	40.00	Officer Director	$0	$0	$0
GREGORY TORRES	DIRECTOR	N/A	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,997,307	$1,672,053	$1,639,269	$325,254
2022	$1,562,111	$1,132,041	$1,301,997	$430,070
2021	$993,896	$313,326	$680,570	$680,570